A 10-unit apartment building in the Marpole neighbourhood has sold for $3.55 million, NAI Commercial reports.
The property is a three-storey, wood-frame structure built in 1957. The building has undergone several improvements, including roof and window replacements. The apartment complex includes a mix of nine one-bedroom suites and one two-bedroom unit. It was listed on the market for $4 million and has an assessed value of nearly $3.3 million. The property sold for $355,00 per unit.
Georgian Manor is located at 8691 Selkirk St., Vancouver.
Breakdown:
Price: $3,550,000
No. of Units: 10
Price/Unit: $355,000
Lot Size: 6,500 SF
Property Type: Multi-family
Zoning: RM-3A
2016 B.C. Assessment Value: $3,297,000
Date of Sale: 06/27/2017
City: Vancouver
Province: B.C.
Name of Brokerage: NAI Commercial
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